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Hanwha Life Acquires Majority Stake in Velocity Clearing for Targeting Global Markets
Nov 20, 2024•over 1 year ago
Contract Type
partnership
New YorkInsurtechInsurance
Description
Hanwha Life has agreed to acquire a 75% stake in the parent company of Velocity Clearing, a U.S.-based global financial services firm. This partnership will allow both companies to target global markets and enhance the global capabilities of South Korea's leading insurance company.
Company Information
Company
Hanwha Life
Location
New York, New York, United States
About
Hanwha Life is South Korea’s first life insurance company, and has been at the forefront of developing the insurance industry and South Korea's economic growth for 78 years. The company has expanded into several overseas markets, including Vietnam and Indonesia, with its latest market being the U.S.
Predictive Intelligence
Strategic
ML-powered predictions for Hanwha Life's next move
New YorkInsurtechInsurance